TITLE

Bailout Passage Sparks Optimism From California Treasury Official

AUTHOR(S)
Saskal, Rich; Ackerman, Andrew
PUB. DATE
October 2008
SOURCE
Bond Buyer;10/6/2008, Vol. 366 Issue 32976, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of the state Treasury officials to borrow $7 billion in the short term markets for economic assistance in California. The officials expressed optimism that the $700 billion bailout enacted would get the markets working again. Moreover, Tom Dresslar, spokesman for Treasurer Bill Lockyer, hopes that the recovery plan will inject confidence and trust into the system and unfreeze the credit markets so they can go about their cash-flow borrowing as they normally do.
ACCESSION #
34774125

Tags: STRATEGIC planning;  INTERNATIONAL economic assistance;  PUBLIC spending;  ECONOMIC development;  PUBLIC administration;  DRESSLAR, Tom;  GOVERNMENT agencies

 

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